CGT - onwards and upwards

Discussion in 'Stocks & Derivatives' started by Smoothcriminal, Dec 10, 2010.

  1. SilverSanchez

    SilverSanchez Active Member

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    Geologists dont have xray vision.... he cant know that - but still respect his opinion.

    I dont hold CGT, but at this price im looking hard at it.
     
  2. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    CGT is having the same lack of success that Ballarat Goldfields and Lihir previously did. Great sampling showing heaps of potential was reported, followed by an increase to the labor force to go get it all, then the belated announcement of disappointing results.

    This cycle has been repeated several times now. Do you think that Lihir would get rid of this dud if it was ever going to be productive?

    IMHO much of the gold in the Ballarat region is in reefs located much closer to the surface than CGT and the others have been looking. A profitable operation could possibly exist if they were allowed to have an open cut operation, but that isnt ever going to happen.
     
  3. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    I wish this company all the best in its endeavours. I had $5000 to invest 12 months ago. I bought a decent Gold Detector. I now have 3 ounces of physical in hand and a detector still worth around $4500. Better than investing in some "encouraging sample results" and unfullfilled targets IMHO.
     
  4. NiGMa46

    NiGMa46 New Member

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    Are you saying you found 3 oz of gold? If so...... WHERE??? Lol.
     
  5. Agauholic

    Agauholic New Member

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    May 2010: USD $1200/oz (CGT acquisition)
    Now: USD $1750/oz

    But yeah... it aint moving untill some firm results come...
     
  6. euphoria

    euphoria New Member

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    I notice that cgt is no longer speaking at the gold symposium today and tomorrow. I am sure i recall them being on the list. Looks like they pulled out. Guess they are not a gold miner anymore :O
     
  7. SilverSanchez

    SilverSanchez Active Member

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    Damage control - what are they going to say? "We dont know where our gold is"?
     
  8. euphoria

    euphoria New Member

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    Just like Germany?? :O
     
  9. hungry_jono

    hungry_jono New Member

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    That's disappointing. I was hoping they'd take the opportunity to explain themselves.
     
  10. euphoria

    euphoria New Member

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    are you still holding hobo? I sold out of mine today. It may come back, but not in a big hurry.
     
  11. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Out the bush.
     
  12. SilverSanchez

    SilverSanchez Active Member

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    Bullion baron - whats the rationale for stop losses - I would have assumed you would have had one in.
     
  13. euphoria

    euphoria New Member

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    In the case of CGT I doubt a stop loss would have been much use. They announced the F*up outside market hours, and the price gapped downwards. For a stop loss to work there still has to be a buyer at your stop loss level.
     
  14. SilverSanchez

    SilverSanchez Active Member

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    Ahhh yes - had a look at the chart - no real oppertunity
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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    bellow 10c now :( looks like there might be some more bad news coming.

    I guess they didn't show up to symposium due to the angry mob with pitchforks.

    [​IMG]
     
  16. Silverthorn

    Silverthorn Well-Known Member

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  17. malachii

    malachii Well-Known Member

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    Trading halt with plan to extend the halt already in place. Depending on design of capital raising and who is involved could be good longer term but will probably hammer the price again short term.

    malachii
     
  18. Agauholic

    Agauholic New Member

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    I heard it was going to be a new business model: early bird parking for $15/day in their shiny new car park facility
     
  19. malachii

    malachii Well-Known Member

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    Totally agree. This seems to be a cockup from the start. From a good managment team this is extremely disappointing.

    malachii
     
  20. hungry_jono

    hungry_jono New Member

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    Looking at their performance, I don't think we can say they are a good management team. [disclosure, current CGT holder]
     

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